Like many people during the pandemic, I decided to pick up a new hobby. With basically everything shut down, and the outdoors being one of the only relatively safe spaces available to us, my quest led me to mountain biking. I love it — biking through the foothills surrounding Santa Fe is a blast… but it also involves some risk.

Our investment philosophy follows a fundamental belief — the stock market functions much like the classic jelly-bean-counting experiment. That might sound strange, but hear me out:

Shrewd investors often start out with long-term financial plans designed to meet their future needs — things like saving for college, retirement, etc. But sticking with the long-term plan becomes harder after years like 2022, in which many stock indices declined 20-30% with bonds down as well. As Mike Tyson said, “Everybody has a plan until they...

One of the things that makes City Different Investments, well, different is our principled investment approach. We are doing a series of articles looking at the three tenets of our equity investment strategy; long-term horizons, a differentiated research approach, and balanced portfolios. For this piece, we dive into how we balance portfolios.